Shared by
SwingTrades_BOWS
Result: Break even.
Buy: $2.73.
Shares: 100.
Stop: $2.50.
Sell Price: $2.73.
Target: $3.25.
Purchase Date: 7/2/19.
Sell Date: 7/15/19.
Market Days Held: 10.
Earnings: 8/7/19.
Average Volume: 477,169
Float: 17 million.
Short Float: 5.86%
Market Cap: 76 Million.
Sector: Healthcare.
Industry: Biotechnology.
Setup: Bull Flag/Pullback. This stock was up on good volume and its moving averages are riding up underneath it. Looking for a breakout over $3 resistance.
Outcome: This stock ended up never breaking out. The mistake I made in this trade was that I anticipated it instead of waiting for the breakout.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-07-02 11:24:03 | NOVN | buy | $2.734 | long |
| 2019-07-15 12:27:34 | NOVN | sell | $2.825 | 0 |
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